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It's not an exaggeration. You should take the macroeconomic effect seriously. This is the first major recession in over 100 years caused by an external market f
by 1zael 7y ago
It's not an exaggeration. You should take the macroeconomic effect seriously. This is the first major recession in over 100 years caused by an external market factor. Factor in 18 months for vaccine clinical trials and distribution, 1-2 years for industries to get back on their feet, and slews of international policy regressions...you're looking at a 4-5 year impact. Not to mention, social distancing is really taking a mental toll on the world population, regrettably giving more weight to the word "Depression."
- aguyfromnb 7y agoThe Canadian Federation of Independent Businesses estimated yesterday that 30% of small business might not survive the quarantine. I'm with you; people are underestimating the last impact of this pandemic.